View more on these topics

L&G outlines lender positions on portfolio BTL matrix

Legal and General has updated its ‘Buy-to-Let Matrix’ to include lender positions on portfolios ahead of the PRA changes coming in at the end of September.

The Matrix now outlines which lenders will accept portfolio landlords and Limited Company BTL before the changes to underwriting standards for this group of borrowers are introduced.

L&G will update the details regularly, and when lenders reveal their position on this type of lending.

Legal & General Mortgage Club director Jeremy Duncombe (pictured) says: “There have been several structural changes within the buy-to-let market during the past year, and in September the market will face further changes to portfolio landlord underwriting standards. Lenders are now beginning to communicate their stance on this change before the rules come into effect, and this transparency is welcome.

“The L&G Mortgage Club’s Buy-to-Let Matrix has now been updated to include the latest information on lenders which have set out on their position, allowing brokers to familiarise themselves with any new criteria. We hope our latest update will encourage more lenders to state their position as soon as possible and enable allow advisers and their clients to prepare for these changes.”



Aldermore reveals portfolio buy-to-let approach

Aldermore has revealed how it will approach lending to portfolio landlords when new Prudential Regulation Authority underwriting rules are rolled out in September. Aldermore will split portfolio landlords into two categories to determine what further information needs to be provided to underwrite the individual case. Standardised templates will be available for each of the information […]

Buy-to-let lenders must share portfolio plans: Bob Young

Advisers are lacking details on how lenders will approach the PRA’s new rules – and we don’t need any more uncertainty As we get closer to the introduction of the PRA’s underwriting changes for portfolio landlord loans at the end of September, I can’t help but feel that the sector is not doing itself any […]


The Mortgage Works lays out new portfolio lending approach

  The Mortgage Work has outlined how it will handle portfolio lending ahead of the introduction of new underwriting standards from 30 September 2017. TMW will define a portfolio landlord as a borrower with four or more distinct mortgaged buy-to let-rental properties. The interest cover ratio on portfolio cases will be 145 per cent. TMW […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


News and expert analysis straight to your inbox

Sign up